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In response to current cost pressures and supply uncertainty resulting from international fuel disruptions, the Australian Government has announced a National Fuel Security Plan – in effect from 1^st April – providing temporary relief to support individuals and businesses for three months.

Property has long been a popular source of wealth creation in Australia, but from a tax perspective, not all property activities are treated equally. Whether the Australian Tax Office (ATO) considers you a long-term investor or a property developer can have a significant impact on your tax obligations including whether profits are subject to Capital Gains Tax (CGT), income tax, or even Goods and Services Tax (GST).

Lodgment of the Taxable Payments Annual Report is due 28 August each year.